UMB Financial Corporation (UMBF) Set to Announce Quarterly Earnings on Tuesday
UMB Financial Corporation (NASDAQ:UMBF) is set to announce its earnings results after the market closes on Tuesday, October 24th. Analysts expect the company to announce earnings of $0.97 per share for the quarter.
UMB Financial Corporation (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, July 25th. The bank reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). UMB Financial Corporation had a net margin of 16.59% and a return on equity of 8.81%. The company had revenue of $247.70 million for the quarter, compared to analyst estimates of $261.84 million. During the same quarter in the prior year, the business earned $0.76 earnings per share. UMB Financial Corporation’s revenue was up 10.6% on a year-over-year basis. On average, analysts expect UMB Financial Corporation to post $3.64 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of UMB Financial Corporation (NASDAQ:UMBF) opened at 75.54 on Monday. The firm has a market capitalization of $3.78 billion, a PE ratio of 21.83 and a beta of 0.89. UMB Financial Corporation has a 12 month low of $59.81 and a 12 month high of $81.55. The firm’s 50 day moving average is $71.28 and its 200-day moving average is $71.91.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 8th were issued a dividend of $0.255 per share. The ex-dividend date was Thursday, September 7th. This represents a $1.02 annualized dividend and a dividend yield of 1.35%. UMB Financial Corporation’s payout ratio is currently 29.39%.
Several research analysts have recently weighed in on UMBF shares. Zacks Investment Research lowered shares of UMB Financial Corporation from a “buy” rating to a “hold” rating in a report on Friday. Piper Jaffray Companies reiterated a “neutral” rating and set a $74.00 price objective on shares of UMB Financial Corporation in a report on Friday, October 6th. UBS AG upgraded shares of UMB Financial Corporation from a “market perform” rating to an “outperform” rating in a report on Thursday, August 10th. Raymond James Financial, Inc. upgraded shares of UMB Financial Corporation from a “market perform” rating to an “outperform” rating in a report on Thursday, August 10th. Finally, BidaskClub lowered shares of UMB Financial Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $77.20.
In other UMB Financial Corporation news, Director Timothy R. Murphy bought 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was purchased at an average price of $67.50 per share, with a total value of $101,250.00. Following the transaction, the director now owns 4,049 shares in the company, valued at $273,307.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 10.09% of the stock is currently owned by corporate insiders.
About UMB Financial Corporation
UMB Financial Corporation is a diversified financial holding company. The Company supplies banking services, institutional investment management, asset servicing and payment solutions to its customers in the United States and around the globe. The Company’s segments include Bank, which provides a range of banking services to commercial, retail, government and correspondent bank customers through the Company’s branches, call center, Internet banking and automated teller machine network; Institutional Investment Management, which provides equity and fixed income investment strategies in the intermediary and institutional markets, and Asset Servicing, which provides services to the asset management industry, supporting a range of investment products, including mutual funds, alternative investments and managed accounts.
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